How This Ranking Was Compiled

Institutional Investor’s fifth annual Russia 20 ranking identifies the country’s top 20 fund managers by assets. The ranking was compiled by Senior Research Editor Jane B. Kenney with the assistance of Researcher Leo Kushnir, using data from questionnaires the institutions filled out themselves. II staff refined these data through follow-up e-mails and telephone calls. All figures are in millions of dollars, as of June 30, 2015, converted from rubles using the exchange rate on that date. Portfolio totals may not equal assets under management because of currency conversion and rounding.